Judy and Mike Oliver both retired last year. The Olivers planned and saved for retirement, but many baby boomers may enter that period of their lives unprepared and uncer­tain about the future.

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The 67-year-old has been retired for six months and is an example of financial planning gone right.

"That's part of being a baby boomer -- we grew up with working-class families who went through the Depression," Oliver said, "and they passed on their frugality to us and made us aware that we had to watch our finances." ...